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The current real was introduced in 1994 at 1 real = 2,750 cruzeiros reais. The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real.
Real (new, pl. reais) R$ BRL = 2,750 cruzeiros reais Note that the dates of various currencies overlap. For example, the cruzeiro novo was still legal tender for 2 ...
This was abandoned in 1933 when the mil réis was pegged to the U.S. dollar at a rate of 12 500 réis = 1 dollar. A further devaluation occurred in 1939, when it was pegged to the U.S. dollar at a rate of 22 500 réis = US$1. In 1942, the real was replaced by the cruzeiro, at a rate of 1 000 réis = 1 cruzeiro.
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The cruzeiro real (‖, plural: cruzeiros reais) was the short-lived currency of Brazil between August 1, 1993, and June 30, 1994. It was subdivided in 100 centavos; however, this subunit was used only for accounting purposes, and coins and banknotes worth 10 to 500 of the preceding cruzeiro remained valid and were used for the purpose of corresponding to centavos of the cruzeiro real ...
Judges gain an absurd the normal way and technicalities. The kind of thing one justified the high extras (not even salary) because he needs to buy 500 dollar suits (3000 reais). #38. UK resident here.
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BRASILIA (Reuters) -Brazilian banks' profitability improved in the first half of this year, led by digital banks, and net interest income and service revenues should continue to rise in the second ...